Fastly (NASDAQ:FSLY) CTO Sells 37,039 Shares of Stock

Fastly, Inc. (NASDAQ:FSLY) CTO Artur Bergman sold 37,039 shares of the business’s stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $25.48, for a total value of $943,753.72. Following the transaction, the chief technology officer owned 1,024,239 shares in the company, valued at approximately $26,097,609.72. This represents a 3.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Artur Bergman also recently made the following trade(s):

• On Friday, October 9th, Artur Bergman sold 3,002 shares of Fastly stock. The shares were sold at an average price of $30.07, for a total value of $90,270.14.
• On Monday, October 12th, Artur Bergman sold 37,039 shares of Fastly stock. The shares were sold at an average price of $26.81, for a total value of $993,015.59.
• On Tuesday, September 29th, Artur Bergman sold 3,961 shares of Fastly stock. The shares were sold at an average price of $25.26, for a total value of $100,054.86.
• On Monday, September 28th, Artur Bergman sold 33,078 shares of Fastly stock. The stock was sold at an average price of $24.75, for a total value of $818,680.50.
• On Wednesday, September 23rd, Artur Bergman sold 379,602 shares of Fastly stock. The stock was sold at an average price of $30.16, for a total value of $11,448,796.32.
• On Tuesday, September 22nd, Artur Bergman sold 27,900 shares of Fastly stock. The stock was sold at an average price of $27.82, for a total value of $776,178.00.
• On Monday, September 21st, Artur Bergman sold 49,146 shares of Fastly stock. The shares were sold at an average price of $27.38, for a total transaction of $1,345,617.48.
• On Thursday, September 17th, Artur Bergman sold 2,200 shares of Fastly stock. The shares were sold at an average price of $25.30, for a total transaction of $55,660.00.
• On Monday, September 14th, Artur Bergman sold 31,079 shares of Fastly stock. The shares were sold at an average price of $24.53, for a total transaction of $762,367.87.
• On Tuesday, September 15th, Artur Bergman sold 2,500 shares of Fastly stock. The shares were sold at an average price of $25.14, for a total transaction of $62,850.00.

Fastly Stock Down 1.2%

Shares of NASDAQ FSLY traded down $0.34 during trading on Wednesday, reaching $27.03. 3,317,580 shares of the stock were exchanged, compared to its average volume of 8,950,006. The business’s 50-day moving average price is $24.41 and its 200 day moving average price is $21.04. Fastly, Inc. has a twelve month low of $7.87 and a twelve month high of $34.82. The company has a quick ratio of 3.36, a current ratio of 3.36 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of -51.00 and a beta of 0.31.

Fastly (NASDAQ:FSLY) last announced its earnings results on Wednesday, August 5th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08. The business had revenue of $183.32 million during the quarter, compared to the consensus estimate of $173.94 million. Fastly had a negative net margin of 11.80% and a negative return on equity of 6.31%. Fastly has set its FY 2026 guidance at 0.500-0.540 EPS and its Q3 2026 guidance at 0.110-0.130 EPS. As a group, equities analysts forecast that Fastly, Inc. will post -0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FSLY. Freedom Broker upped their price objective on shares of Fastly from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Freedom Capital raised Fastly to a “strong-buy” rating in a research report on Thursday, July 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fastly in a research report on Friday, August 7th. Bank of America boosted their price target on Fastly from $20.00 to $22.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 23rd. Finally, Piper Sandler increased their price target on Fastly from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.42.

Institutional Trading of Fastly

A number of hedge funds have recently made changes to their positions in FSLY. Signaturefd LLC boosted its stake in Fastly by 98,700.0% during the 3rd quarter. Signaturefd LLC now owns 988 shares of the company’s stock valued at $25,000 after acquiring an additional 987 shares during the last quarter. IFP Advisors Inc grew its holdings in Fastly by 1,621.7% during the 2nd quarter. IFP Advisors Inc now owns 1,429 shares of the company’s stock worth $26,000 after acquiring an additional 1,346 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Fastly by 38.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock worth $39,000 after purchasing an additional 419 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Fastly by 84.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,381 shares of the company’s stock worth $40,000 after purchasing an additional 633 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of Fastly in the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 79.71% of the company’s stock.

Fastly Company Profile

Fastly, Inc is a technology company that provides an edge cloud platform designed to help businesses deliver, secure, and optimize digital applications and content. Its platform processes data and applications closer to end users, supporting faster performance, improved reliability, and greater control over internet-based services.

Fastly’s products and services include content delivery, application programming interface (API) acceleration, edge computing, application and API security, bot management, distributed denial-of-service protection, and observability tools.